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Oil Industry

Results of OMV’s Ordinary Annual General Meeting 2011

A dividend of € 1.00 per share and a share buy-back have been approved by the AGM. Markus Beyrer was elected as member of the Supervisory Board.

May 17, 2011

OMV Announces Launch of Rights Issue

The Austrian oil and gas group issues up to 27,272,727 new shares. Proceeds will be used for the refinancing of the acquisition of a major stake in Petrol Ofisi.

May 16, 2011

OMV: Mixed Results in First Quarter 2011

“Strong oil price compensates impact of political instability”, the company states. Net Income declines, cashflows grow by 9%.

May 11, 2011

CEO Roiss: "Gas and Oil Remain the Core Business"

Renewable energies are already part of the program of OMV, said Gerhard Roiss. However, oil and gas will dominate in Europe until 2020.

May 5, 2011

Shutdown Petrochemicals – OMV Plant Overhaul at Schwechat Refinery

The OMV Refinery in Schwechat (Lower Austria) will undergo a further routine shutdown from May 3. This time, the petrochemical plant parts will be out of commission for around one-and-a-half months.

April 28, 2011

OMV Starts Operations in Tunisia

El-Badr-5 is the first OMV operated production well to go into operation with a production of 1,500 boe/d. Durra production concession has been granted. Both assets were part of the Pioneer portfolio acquired earlier this year.

April 27, 2011

EVN-Subsidiary Records Substantial Rise in Profits

The Rohöl-Aufsuchungs AG (RAG) shows a 23.1% increase in sales. Profits were up by 60%.

April 27, 2011

OMV: No Increase in Share on Petrom

The Austrian energy company OMV will not participate in OMV Petrom secondary public offering.

April 27, 2011

OMV: German Refinery to be Converted

Because of the failures of Libyan oil imports, the OMV refinery at Burghausen is converted to alternative crudes.

April 19, 2011

OMV: No Sale of Stake in Borealis

The Austrian energy group OMV holds 36% of Borealis. IPIC, itself involved in OMV appears to be interested in the OMV share.

April 15, 2011

CEO Roiss: "OMV: an international player with Austrian roots"

The new CEO of OMV plans a strategy review on three main areas: regional focus, portfolio development and future challenges.

April 1, 2011

Ruttenstorfer leaves OMV

The longtime CEO of OMV, Wolfgang Ruttenstorfer will pass on his position to Gerhard Roiss on April 1.

March 31, 2011

Romania's Premier: "Sale to OMV was a Huge Loss"

Prime Minister of Romania Emil Boc regrets the 2004 sale of the then government owned Petrom to Austria's OMV.

March 30, 2011

Difficult Search for a Buyer for OMV Refinery

The Austrian energy group has tried, so far unsuccessfully, to sell a refinery of its Romanian subsidiary Petrom. Now it will be closed down.

March 25, 2011 · Updated: March 26, 2011; 13:13

Petroleum Industry: Only 2659 Gas Stations by End-2010

Due to fierce competition and low margins, there are increasingly fewer gas stations in Austria

March 25, 2011

OMV: Low Production in Libya

Production of the Austrian energy group is likely to amount to only a quarter of the normal level.

March 23, 2011

OMV Fears Destruction of the Libyan Infrastructure

With the military attack on Libya, the fear that Gaddafi could damage oil production facilities of Western corporations in retaliation increases.

March 22, 2011

Schoeller-Bleckmann Records Steep Rise in Profits

Schoeller-Bleckmann Oilfield Equipment AG: Substantial profit improvement in fiscal 2010 – Dividend proposal € 1.00 after € 0.50

March 11, 2011

Ruttenstorfer: "OMV Stays in Libya '

Despite unpredictable developments, Austrian OMV stays in Libya. Neither are there any changes planned in other Arab countries.

March 10, 2011

OMV Continues Receiving Oil Deliveries from Libya

The Austrian oil and gas company is able to obtain deliveries from Libya in spite of the serious political crisis. Production is however limited.

March 8, 2011

Libya: OMV Foresees no Shortages

The CEO of the Austrian OMV considers not to have underestimated the risks in Libya.

February 24, 2011

Strong Growth in Results for OMV

The Austrian energy company OMV records a strong increase in EBIT as well as profitability.

February 24, 2011

Libya Crisis: No Shortage of Supplies

The North African country ruled by massive unrest is Austria's second-largest oil supplier.

February 23, 2011

OMV Expects Reduction in Oil Production in Libya

The Austrian energy company, which also operates in Libya, cannot eliminate any possibility of a decline in the oil production anymore.

February 23, 2011

OMV Observes Riots in Libya and Yemen „thoroughly“

The Austrian oil company OMV is not concerned by the current turmoils in Libya and Yemen. However, OMV watches the incidents permanently.

February 21, 2011

OMV Closes Acquisition of Pioneer’s Subsidiaries in Tunisia

OMV paid $ 800m plus $ 39.3m working capital and remains committed to maintaining a strong investment grade

February 19, 2011

OMV: "Turkey as a Bridge for Oil and Gas Wells in the region"

The Austrian oil company, which has already invested € 2.0bn in Turkey, considers the location a starting point for the Middle East.

February 17, 2011

Oil Production Declined in Austria

Domestic oil production fell last year by 3.3% to 965,112 tons. Gas production increased however.

February 16, 2011

Purchase of Petrol Ofisi Lowers OMV´s Results

In its Trading Statement Q4/10, OMV announces extraordinary expenses due to the major purchase of the Turkish Petrol Ofisi amounting to € 170m.

February 5, 2011

OMV Sells OMV Wärme VertriebsgmbH

The buyer is a consortium led by RWA Raiffeisen Ware Austria AG. The Austrian energy company OMV regards its heating oil business as being restructured.

February 5, 2011

Austrian Gas Price Index Continues to Rise Slightly

The February 2011 Austrian gas price index (ÖGPI) recorded a slight increase over the previous month Compared to January, it rises to a value of 114.89.

January 26, 2011

WKÖ Expects further Rise in Energy Prices

Due to the economic recovery, the Austrian Economic Chamber forsees further increases in oil prices. However, there also exists some saving potential.

January 20, 2011

ADX Energy Ltd Continues Operations in Tunisia

The Australian/Austrian ADX Energy Limited (ASX:ADX) announced to continue its operations in Tunisia

January 19, 2011

OMV Pulls its Staff out of Tunisia

Due to the recent developments in Tunisia, the Austrian OMV pulls back to a large extent. The cardboard manufacturer Mayr-Melnhof stays on.

January 18, 2011

New Charges against Ruttenstorfer

The chairman of Austria's OMV is accused of market manipulation because of an interview.

January 14, 2011

OMV: Moody´s Warns Against Downgrade

The Austrian energy group has to refinance its acquisitions in Turkey and Tunisia. The American rating agency puts pressure on OMV.

January 10, 2011

OMV Expands in Tunisia

OMV acquires Tunisian Exploration and Production (E&P) subsidiaries of Pioneer Natural Resources for $ 800m plus working capital.

January 6, 2011

Further Rise in Energy Prices for Households

Austrian energy prices in November 2010 were higher by 5.8% compared to the previous year. Only gas became cheaper.

December 27, 2010

New Board Member at OMV

Supervisory Board of OMV: Manfred Leitner appointed to the OMV Executive Board with effect from April 1, 2011.

December 14, 2010

Romania Sells Stake in Petrom

The state share in the Romanian Petrom, a subsidiary of the Austrian OMV, is to be reduced. OMV is interested.

December 7, 2010

OMV Supervisory Board: Confirmation of Ruttenstorfer as CEO

Being accused to insider trading, the other members of the board as well as the supervisory board demonstrated to have confidence in CEO Dr. Wolfgang Ruttenstorfer.

November 25, 2010

OMV's Supervisory Board Supports CEO Ruttenstorfer

The allegations of insider trading made by the Financial Market Authority are uncomprehensible, says member of the supervisory board Norbert Zimmermann.

November 23, 2010

OMV Sells 56 Gas Stations to PKN Orlen

56 gas stations in the German states of Thuringia and Saxony go to a subsidiary of the Polish oil group PKN Orlen.

November 19, 2010

Suspicion of Insider trading: Ruttenstorfer receives support

After the Vienna Public Prosecution's charges against OMV's CEO Ruttenstorfer, the latter now receives support. It is being said that he has merely been "clumsy".

November 18, 2010

Schoeller-Bleckmann Oilfield Equipment AG Announces Results of Q1-Q3

Vienna-Stock-Exchange listed SBO records a clear increase of all key financial figures.

November 17, 2010

OMV Announces Results of January – September 2010

Austria´s biggest company posts a strong operating performance compared to previous year.

November 10, 2010

Nabucco: First Deliveries Before Year-End

While sharp criticism of the pipeline project is heard again from Moscow, there is optimism at Nabucco.

November 9, 2010

Energy Prices Rise Steeply

An increase of 6.7% was recorded for energy prices in the yearly comparison. The relevance of alternative energy sources will increase significantly in future, as energy price increases are expected to continue in the long term.

November 2, 2010

OMV: Republic of Austria Will Hold On to Its Stake

An informal consultation is said to have been held between the governing parties to keep the government stake in OMV, should there be a capital increase.

October 27, 2010

EVN's Subsidiary RAG Increased Gas Capacities

New capacities are created, gas and oil exploration in Poland and Hungary to be intensified

October 17, 2010
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